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superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million dollars short of the revenue it expected to bring in, because when you raise taxes, some people leave. check the big board. same old same old same old. the dow is flat, up just 23 points in the early going this monday morning. here is our company: sandra smith is with us. the conservative commentator is with us. and nicole petallides is there on the floor of the new york stock exchange. here we go, new at 10:00, the latest climate change rant from former vice president al gore. he blames pollution for causing climate change, which he says leads to huge storms like hurricane sandy. >> it is causing these extreme weather e
everything from sandy to newtown. come on. what's really stopping you from spending money? we'll have an answer, we'll also have the opening bell coming up next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. >> thursday morning, we're expecting the opening trend to be slightly down on wall street this morning. i've got two numbers for you in the news background. number one, 361,000 new claims for jobless benefits last week. that's 17,000 more than the previous week. not a good number. 361,000 is way up there, it's a proxy for layoffs, that means that the layoff trend continues far too high for this supposed stage of the economic recovery. item two, in the third quarter of this year, that will be july through the end of september, the economy expanded at a better rate than we thought. 3.1% on an annualized basis, higher than we originally estimate
basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >>> david asman, in for mr. varney. we're minutes away, dow futures are trading up. so at least at the beginning it may be a good trading day. now 15 seconds away from the opening of the dow, nasdaq and s&p 500 have been down the past two sessi
. >> part of it is hurricane sandy and part of it's the tragedy from newtown, connecticut. david: people are afraid to go out and shop? >> they're not in the mood. one quote in an article talk people think it's better to spend time with family. shopper tracker is finding that people shopping for the week that ended december 15th down 4.3%. overall they've adjusted what they think the holiday seen will be. and they've adjusted that it will be a growth of 2.5%. and thought it would be 3.3%. national retail federation is keeping their prediction of growth 4.1%. real quick, i don't know if we have the graphic available. if you invest in retailer, boy have the on-line retailers done gang busters and even the shopper track survey even on-line wasn't performing as well as last year. overall this year for shopping, the on-line stock is doing much better. >> meanwhile, j.c. penney can we put up the stock chart, intraday what it's doing? it's up almost # 4% today. does that surprise you? >> the brick and mortar retailers are up for the year. the on-line retailer, theirs is up. and once again, amaz
. stuart: rebound from sandy. >> and holidays the economy is getting stronger branded is going to get stronger and jobs will increase. stuart: you think the economy is getting stronger. what is the evidence for that? >> it hit a plateau and stopped. it can only go up. i do not believe it will down. [talking over each other] stuart: what do you see in the future? 3.5% or 4%? >> a small increase will happen in the future. sandra: based on what? you have obamacare and a potential recession -- stuart: taxes going up. if you think -- >> will force change and until this country needs serious change -- stuart: when you're talking economic growth you are trying to tell me we have grown at 2.5% and that is it and that is why we have got. you are saying we will go to 3.5%? >> i do believe there will be an increase and on the twenty-first we will see an increase whether it has to do with seasonal growth or hurricane sandy we will see an increase which is an improvement. stuart: every time you speak out when the heart. i want to move to the ibm story. it is changing its 401 k organizing, how it p
.s. ambassador to the u.k. or france. what? my take on that next. stuart: superstorm sandy made landfall in america more than a month ago. some businesses are still seeing the effects. shares of darden restaurants, that's the company that owns red lobster, olive garden, they are down today after the company announced it expects to make less money next year than it originally forecast. the company is blaming superstorm sandy for its lackluster performance. republicans submitted their solution to the fiscal cliff yesterday. white house and other democrats dismissed it immediately. take a look at how that affected the market this morning. not at all. the dow is up 43. 13,000 is where we are. liz macdonald says we will see is a last minute deal, christmas eve, new year's eve, on the fiscal cliff. we shall see. next, a special early my take. i am fired up about the prospect of ambassador anna wintour. i couldn't wait for the normal time. i'm going to do it early. stay right there. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in tw
a hit because of sandy, the storm. none of less up two bucks higher. plx technology, the sec is trying to block the proposed takeover. and say the deal would create a near monopoly for circuits, and not a clue what they do. delphi automotive, added to the s&p 500, good news for the stock because the fund managers now have to buy it. and this company went into bankruptcy protection and emerged in '09 and because of the u.k. it's up. health net enrollment for health plans in corporations next year, it's down. pfizer cutting 600 jobs and 20% of the sales force that is. sales for lipitor have declined since the exclusive patent expired last year. and no change with the stock virtually, and the dow is up four, dead flat. got to say it again, president obama's put social security cost of living increase on the table, it means less money for senior citizens, less of an increase coming up. that's next. ♪ grandma got run over by a reindeer ♪ >> i'm not sure of the music, but the sentiment warren hardy, we need to have less government in business and more business in government. up the musi
's in the the private sector, okay? however, clearly that was affected by the big storm, sa y sandy. should have been much higher and will have been much higher when the full effects are wiped away. no impact on the stock market that i could see. the dow industrials are going to probably open right around that 1 13,12950. the opening trend is down, but not much in the opening seconds. now down 2 points. not much movement. however, i've got to tell you about facebook, following very, very closely. facebook is going to join the nasdaq 100 index. it will join one week from today. nicole, you're on the floor, normally that pushes the stock price way up and yes, it's up today. >> yes, i'm going to say that we'll take it with a grain of salt no. a couple of things to note. going into the nasdaq 100, going into facebook and infosys leaving the nasdaq and going to n ych nyse. and they listed at the exchange, one of the perks, too, it's nonfinancial firms and a big one, facebook is 30 billion. another thing to note here, it's usually the s&p 500, stuart, that will really give shares a boost because the trader
in that. and then the medicare fix which is a cut in medicare payments. the sandy flood insurance, emergency supplemental, 60 billion, house hasn't said it will take that up yet. you are right, there's a bunch of other pieces of fruit on the tree that have to be plucked. stuart: may i make a prediction? it is this, you peter barnes will be working until 11:59 this evening. do you think? peter: and happy new year to you too, stuart. [laughter] stuart: i'm serious. i think it is going to go right down to the absolute second. that's what i think. peter barnes, excellent stuff. thank you very much indeed peter. appreciate it. peter: thanks. stuart: president obama vows to make gun control a major issue in the new year. here's the president on meet the press yesterday. >> i've been very clear that, you know, an assault rifle ban, you know, banning these high capacity clips, background checks, there are a set of issues that i have historically supported and will continue to support. >> can you get it done? >> so the question is, are we going to be able to have a national conversation an
performing at the 12-12-12 concert to benefit the victims of hurricane sandy. the event went on five hours and a ton of money. 36 million alone in ticket sales and does not count the donations or the money they got from sponsored like samsung which surely paid a big price to have the galaxy phones featured everywhere and the celebrities answering the calls from people who phoned in donations, galaxy phones they were using. you're seeing galaxy ads everywhere, they dominate football games on sundays as well. apple, the ipad, ipad mini, the iphone their ads have been swamped by samsung and microsoft. is apple still the king of cool? shareholders wants to know and so do i. let's bring in mark, editor in chief of laptop magazine. is apple still the king of cool? what do you say. >> when it comes to the design and getting the latest apps first, would i say yes for apple, but perception is becoming reality when it comes to the marketing ads you're talking about. when people see the big screen galaxy note 2 and in the office when i show people turn it on its side and two applications running on t
Search Results 0 to 9 of about 10

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